Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2022; threshold 65 %.
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Annual account missing NBB
Fiscal year 2023 was expected before 31 July 2024 and has not been filed.
Financials
Financial year 2022
ADVIONICS from Oostkamp, company number BE0477143394, closed financial year 2022 with a result of € 1.7 million after tax. For that financial year ADVIONICS recorded revenue of € 29 million and equity of € 9.1 million. Compared with financial year 2021, the result moved from € 2.1 million to € 1.7 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 20, 2023.
€ 9.1 million
▲ 6% vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.7 million
▼ 18% vs 2021
Profit after tax over the fiscal year.
€ 3.6 million
▲ 20% vs 2021
Cash and bank balances on the last day of the fiscal year.
€ 1.2 million paid out
71 % of the profit went to the shareholders, mostly to INTERSOFT ELECTRONICS GROUP (100 % of the shares). That is where the money ends up.
People and assets in 2022
160
▲ 5.4 vs 2021
Average over the fiscal year, from the social balance sheet.
€ 11.8 million
▲ 8% vs 2021
€ 73,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 458,671
▲ 7% vs 2021
Book value of vehicles, furniture and equipment.
Debts at end 2022
€ 3.3 million
Loans from banks and other lenders, long and short.
€ 4.2 million
▲ 183% vs 2021
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 99 days on average.
€ 2.4 million
▲ 32% vs 2021
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Revenue | € 28,460,956 | € 28,994,826 | ▲ 2% |
| Profit after taxes | € 2,051,458 | € 1,680,445 | ▼ 18% |
| Equity | € 8,662,588 | € 9,143,033 | ▲ 6% |
| Total debts | € 14,371,523 | € 18,258,737 | ▲ 27% |
| Cash | € 2,982,758 | € 3,573,371 | ▲ 20% |
| Land & buildings | € 669,944 | € 637,381 | ▼ 5% |
| Retained profit | € 5,157,109 | € 5,637,554 | ▲ 9% |
| Dividend | € 1,200,000 | € 1,200,000 | |
| Bank debt | € 3,326,447 | € 3,326,447 | |
| Balance sheet total | € 23,234,065 | € 27,571,701 | ▲ 19% |
| Employees (FTE) | 154.6 | 160 | ▲ 5.4 |
Key figures of ADVIONICS, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to ADVIONICS?
What happened at ADVIONICS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Intersoft Electronics Group NV stepped down as director. NBB
- Jan Bonte stepped down as director. NBB
- Wissa BV stepped down as director. NBB
- New annual accounts for financial year 2022: profit of € 1.7 million (▼ 18% vs 2021). filed late Source: NBB ↗
- Wissa BV became a director. NBB
- Intersoft Electronics Group NV became a director. NBB
- Jan Bonte became a director. NBB
- New establishment in Oostkamp. KBO
In short
From € 2.1 million profit in 2021 to € 1.7 million profit in 2022.
Paid € 1.4 million in corporate taxes since 2021.
Best year ever: 2021, with € 2.1 million profit.
Paid out € 2.4 million in dividends to the owners in total.
Management
The stake of INTERSOFT ELECTRONICS GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ADVIONICSThe shares are held by INTERSOFT ELECTRONICS GROUP (100%).
Directors
According to the 2022 annual accounts
Intersoft Electronics Group NV
Director · represented by Luc Switten
since 2019 · until 2025
Jan Bonte
Director
since 2019 · until 2025
since 2023 · until 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Siemenslaan 16
8020 Oostkamp
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0477.143.394
- VAT number
- BE 0477.143.394
- Registered office
- Siemenslaan 16, 8020 Oostkamp
- Names & denominations
- ADVIONICS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 March 2002
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- advionics.be [email protected] 050831811
- Activities · NACE
Vervaardiging van meet-, controle- en navigatie-instrumenten en -apparatuur
Vervaardiging van elektronische onderdelen